(Telecompaper) Apple reported revenues stronger than expected for its fiscal fourth quarter to September, led by record sales of the iPhone. Revenues rose to USD 37.5 billion from USD 36 billion a year earlier, just better than Apple's outlook of USD 34-37 billion. The gross margin was also at the top of its outlook, at 37 percent versus 40 percent a year earlier. Net profit fell to USD 7.5 billion or USD 8.26 per diluted share, from USD 8.2 billion or USD 8.67 per share in the year-ago quarter. The company sold 33.8 million iPhones, a record for the September quarter, compared to 26.9 million in the year-ago quarter. iPad sales rose slightly, to 14.1 million units from 14.0 million, and Mac sales fell to 4.6 million from 4.9 million in the year-ago quarter. After operating cash flow of USD 9.9 billion in the quarter, Apple declared a dividend of USD 3.05 per share. Sales in the December quarter are expected to get a boost from the new iPhones and iPads released by the company, reaching USD 55-58 billion. The gross margin is estimated at 36.5-37.5 percent.